Brain Wave – Page 91 – Sasha Says…

Financial Planning: Umbrella or Limited Status for your Company

January 28, 2015 No Comments

As a start-up, one of the first things you need to decide is whether you should trade as a limited company or use the services of an umbrella company. You aren’t an accountant, so you’ll be forgiven if you feel overwhelmed by such a decision.

In the following paragraphs we’ll breakdown the key benefits of both options to help paint a clearer picture as to whether you should be limited or umbrella company. It is important that you seek the advice of an accountant before making a final decision.

The key differences between umbrella and limited
Both options are extremely different from one another, so it is vital that you understand the key advantages and disadvantages of both options before you are able to make a decision.

Limited Company
In a nutshell, the limited company route will see you incorporate your own limited company and become the director. You’ll be in charge of invoicing and the day to day running of the business (with the help of your accountant) and it is the most tax efficient way of trading, seeing you typically take home around 75% to 80% of your gross earnings.

A healthy work environment.

January 16, 2015 No Comments

I was talking to an older cousin during our annual family reunion on my paternal side. We talked about work environment and how she despised (yes, that’s the word she used) her former office. The atmosphere was always thick with tension due to her former boss’s tendency to bite everyone’s heads off whenever he’s not in the mood. She also didn’t like some of her co-worker’s penchant for gossip. They would gossip their heads off especially when the boss was not in the office. I told my older cousin that I could only imagine the negative vibe in the air in that work place. She said that it was worse than my imagination because words can never describe the bad vibes of that office.